FUCHS PETROLUB SE — Earnings Release 2015

Nov 3, 2015

News Details

Corporate | 3 November 2015 07:00

FUCHS PETROLUB SE: Earnings (EBIT) improved by 11%; outlook unchanged

DGAP-News: FUCHS PETROLUB SE / Key word(s): 9-month figures

2015-11-03 / 07:00

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Earnings (EBIT) improved by 11%; outlook unchanged

• Sales revenues up 10% to EUR 1.5 billion (currency: +6%; acquisitions:
  +4%)
• Earnings (EBIT) increase by 11% to EUR 261 million
• Outlook for the financial year remains unchanged

The first nine months of 2015 at a glance

Amounts in EUR million Q1-3 2015 Q1-3 2014 Dev. %
Sales revenues (1) 1,538.8 1,402.8 9.7
Europe 892.6 851.3 4.9
Asia-Pacific, Africa 443.4 378.1 17.3
North and South America 266.9 235.9 13.1
Consolidation -64.1 -62.5 -
Earnings before interest and tax (EBIT) 260.9 235.9 10.6
Earnings after tax 180.9 164.1 10.2
Earnings per share
Ordinary share 1.30 1.17 11.1
Preference share 1.31 1.18 11.0
Free cash flow 33.4 107.9 -69.1
Investments in long-term assets 29.1 23.8 22.3
Employees as at September 30 4,347 4,124 5.4

(1) By company location

Performance
The globally operating lubricant producer FUCHS PETROLUB SE generated sales
revenues of EUR 1,539 million (1,403) in the first nine months of 2015,
thus representing an increase of 10%. The growth is acquisition-driven
(+4%) and reinforced by positive currency translation effects (+6%).
Organic sales revenues grew by 0.1%. Deutsche Pentosin-Werke GmbH was
consolidated for the first time in the third quarter of 2015. The
acquisition of Statoil Fuel & Retail Lubricants Sweden AB had no effect on
the financial statements for the first three quarters of 2015.

Earnings before interest and tax (EBIT) increased by EUR 25 million or 11%
to EUR 261 million (236). At the same time earnings after tax rose by EUR
17 million or 10% to EUR 181 million (164). Earnings per share are EUR 1.30
(1.17) per ordinary share and EUR 1.31 (1.18) per preference share.

Free cash flow stood at EUR 33 million (108) after net payments of EUR 110
million for acquisitions.

Capital expenditures
In the period under review, EUR 29 million (24) were invested in property,
plant and equipment. This investment was focused on Germany (particularly
in a new test field and new tank storage facilities), Australia (new plant)
and the USA (new grease plant).

Employees
As at September 30, 2015, the global workforce of the FUCHS PETROLUB Group
consisted of 4,347 employees (4,124). The Group's workforce has increased
by 235 people since the end of the previous year, primarily as a result of
the acquisition of Deutsche Pentosin-Werke GmbH (149 employees in Germany
and 27 employees in Brazil).

Outlook
The FUCHS PETROLUB Group expects sales revenues to grow by around 10% for
the financial year, largely as a result of acquisitions and currency
translation effects. Organic sales revenues are likely to remain at the
same level or increase slightly compared to the previous year. In terms of
EBIT and earnings after tax, the Group continues to anticipate an increase
in the higher single-digit percentage range. Furthermore, the FUCHS
PETROLUB Group expects to record free cash flow of more than EUR 150
million before acquisition-related expenditure.

Mannheim, November 3, 2015

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel: +49 621 3802-1104
E-mail: tina.vogel@fuchs-oil.de

The information below can be accessed at the following web addresses:

Press release:
www.fuchs-oil.com

Interim report as at September 30, 2015:
www.fuchs-oil.com/ir_ninemonths.html

Press photos:
www.fuchs-oil.com/pressphotos1.html

Important note
This press release contains statements about future developments that are
based on assumptions and estimates by the management of FUCHS PETROLUB SE.
Even if the management is of the opinion that these assumptions and
estimates are accurate, future actual developments and future actual
results may differ significantly from these assumptions and estimates due
to a variety of factors. These factors can, for example, include changes in
the overall economic climate, changes in procurement prices, changes to
exchange rates and interest rates, and changes within the lubricants
industry. FUCHS PETROLUB SE provides no guarantee that future developments
and the results actually achieved in the future will match the assumptions
and estimates set out in this press release and assumes no liability for
such.

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2015-11-03 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
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Language: English
Company: FUCHS PETROLUB SE
Friesenheimer Str. 17
68169 Mannheim
Germany
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-7190
E-mail: ir@fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich

End of News DGAP News Service

407849 2015-11-03